Consolidated balance sheet

As of 31 December 2018 and 2017, CHF million

 

Notes

 

2018

%

 

2017

%

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

533

 

 

624

 

Marketable securities

 

(2.3.2)

 

9

 

 

9

 

Trade accounts receivable

 

(2.1.1)

 

697

 

 

754

 

Inventories

 

(2.2)

 

779

 

 

773

 

Income taxes receivable

 

(2.1.2)

 

11

 

 

9

 

Other accounts receivable

 

(2.1.3)

 

62

 

 

62

 

Prepayments to creditors

 

 

 

22

 

 

30

 

Accrued income

 

 

 

15

 

 

16

 

Current assets

 

 

 

2’128

62

 

2’277

63

 

 

 

 

 

 

 

 

 

Property, plant, and equipment for own use

 

(2.4)

 

1’046

 

 

1’170

 

Investment properties

 

(2.4)

 

84

 

 

36

 

Intangible assets

 

(2.5)

 

34

 

 

29

 

Deferred tax assets

 

(5.3)

 

53

 

 

85

 

Other financial assets

 

(5.2)

 

99

 

 

13

 

Non-current assets

 

 

 

1’316

38

 

1’333

37

 

 

 

 

 

 

 

 

 

Assets

 

 

 

3’444

100

 

3’610

100

 

 

 

 

 

 

 

 

 

Trade accounts payable

 

 

 

498

 

 

593

 

Bonds

 

(3.1.1)

 

 

 

150

 

Other financial liabilities

 

(3.1.1)

 

144

 

 

147

 

Loans from pension fund institutions

 

(3.1.1, 5.1)

 

4

 

 

28

 

Other liabilities

 

(2.3.1, 2.3.2)

 

56

 

 

69

 

Prepayments from customers

 

 

 

74

 

 

65

 

Current tax liabilities

 

 

 

57

 

 

63

 

Provisions

 

(2.6.1)

 

38

 

 

45

 

Accrued liabilities and deferred income

 

(2.6.2)

 

253

 

 

258

 

Current liabilities

 

 

 

1’124

33

 

1’418

39

 

 

 

 

 

 

 

 

 

Bonds

 

(3.1.1)

 

574

 

 

374

 

Other financial liabilities

 

(3.1.1)

 

58

 

 

117

 

Pension benefit obligations

 

(5.1)

 

47

 

 

127

 

Other liabilities

 

(2.3.1)

 

39

 

 

38

 

Provisions

 

(2.6.1)

 

111

 

 

120

 

Deferred tax liabilities

 

(5.3)

 

63

 

 

47

 

Non-current liabilities

 

 

 

892

26

 

823

23

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

2’016

59

 

2’241

62

 

 

 

 

 

 

 

 

 

Share capital

 

(3.4)

 

4

 

 

4

 

Capital reserves

 

 

 

26

 

 

26

 

Treasury shares

 

(3.5)

 

–9

 

 

–8

 

Retained earnings

 

 

 

1’361

 

 

1’295

 

Equity attributable to shareholders of Georg Fischer Ltd

 

 

 

1’382

40

 

1’317

37

 

 

 

 

 

 

 

 

 

Non-controlling interests

 

 

 

46

1

 

52

1

Equity

 

(3.4)

 

1’428

41

 

1’369

38

 

 

 

 

 

 

 

 

 

Liabilities and equity

 

 

 

3’444

100

 

3’610

100